Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual total cost of direct materials used in production during July, to the nearest dollar, was:
A) $282,150.
B) $287,850.
C) $297,000.
D) $300,000.
E) $303,000.

Question

Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual total cost of direct materials used in production during July, to the nearest dollar, was:
A) $282,150. 
B) $287,850. 
C) $297,000. 
D) $300,000. 
E) $303,000.

Quizplus · Accepted Answer

The Answer of Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual total cost of direct materials used in production during July, to the nearest dollar, was:
A) $282,150. 
B) $287,850. 
C) $297,000. 
D) $300,000. 
E) $303,000.